Economy

Economy News

Five states need to take steps to stabilise debt levels: RBI

It said Punjab is expected to remain in the worst position as its debt-GSDP ratio is projected to exceed 45 per cent in 2026-27, with further deterioration in its fiscal.

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Economy News

New Debit Card Rules From July 1, 2022. Details Here

Card tokenisation rules will now come into effect from July 1, 2022 New Delhi:  There is going to be good news soon for all credit and debit card holders, as.

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Economy News

Exclusive-UAE to build Red Sea port in Sudan in $6 billion investment package

By Nafisa Eltahir CAIRO (Reuters) -The United Arab Emirates will build a new Red Sea port in Sudan as part of a $6 billion investment package, DAL group chairman Osama.

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Business Economy News

Exclusive-Inside the hangar at the centre of the $1 billion Airbus-Qatar jet dispute

By Alexander Cornwell and Tim Hepher DOHA (Reuters) – Two high-tech Airbus A350 jets sit idle with their windows taped and engines covered in a floodlit hangar in the Gulf,.

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Economy News

Sudan’s economy sinks as post-coup leadership searches for support

By Khalid Abdelaziz and Mohamed Nureldin Abdalla Khartoum (Reuters) – An accelerated breakdown in services including water and electricity supplies has left Sudanese citizens counting the cost of political stalemate.

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Economy News

Dubai Becomes New Switzerland for Traders of Russian Commodities

(Bloomberg) — Traders of Russian commodities are rushing to set up businesses in Dubai as Switzerland makes it increasingly challenging for them to deal with Moscow. Switzerland has for decades.

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Economy News

Cryptoverse: Crypto lenders face a DeFi drubbing

By Lisa Pauline Mattackal and Medha Singh (Reuters) – Crypto lending may not be down and out, but it’s certainly on the ropes. Crypto lenders have boomed over the past.

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Economy News

Exclusive-India’s Tata Steel bought 75,000 tonnes of Russian coal in May – sources

By Sudarshan Varadhan and Aftab Ahmed NEW DELHI (Reuters) -India’s top steelmaker Tata Steel imported about 75,000 tonnes of coal from Russia in the second half of May, two trade.

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Economy News

Excise Duty Cuts On Fuel Poses Risk To Fiscal Deficit: Finance Ministry

Government revenues have taken a hit following cuts in excise duties on diesel and petrol, posing risk to budget level of gross fiscal deficit New Delhi:  India faces near-term challenges.

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Economy News

Employment Outlook Positive During June Quarter Of 2022-23: Report

Growth momentum continued in the March quarter of 2021-22 and even during the ongoing first quarter of the current fiscal, a FICCI survey noted Growth momentum continued in the March.

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